Medical Office Sale-Leaseback
For Sale
Contact for pricing
605 Medical Care Dr, Brandon, FL 33511
Medical office for sale with established tenant and prime location.
Property Size3,018 SF
Price / SF$447.32
Days on Market163
Property Features for 605 Medical Care Dr
General Information
Standard status
Active
Size
3,018 SF
Class
B
Property subtype
Office
Zoning
CG
Building Details
Year Built
2002
Listing Agency:
Wisdom Capital Group
Listed By:
Brady Wisdom · License #SL3588056
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 3 at 1:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wisdom Capital Group
Investment Insights
Based on property information with market context.
This offering features a 3,018-square-foot medical office located at 605 Medical Care Drive, Brandon, FL. The property will be delivered with a five-year NNN sale leaseback at $29 per square foot. The only landlord expense is HOA fees. The established physician tenant has two five-year extension options. Situated next to HCA Brandon Hospital in a major medical corridor, the property is an 18-minute drive from downtown Tampa. This is a turnkey opportunity for stable cash flow in a high-demand location.
Key Highlights
- Five‑year NNN sale leaseback at $29 per square foot provides stable cash flow.
- HOA fees are the only landlord expense.
- Located next to HCA Brandon Hospital in a major medical corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,072,740
$1.1M
Cap Rate 7%
$766,243
$766.2K
Cap Rate 9%
$595,967
$596.0K
Market Conditions
NOI Build-Up for 3,018 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.6K $29.04/SF
− Vacancy
−$16.1K −$5.34/SF
EGI
$71.5K $23.70/SF
− OpEx
−$17.9K −$5.92/SF
NOI
$53.6K $17.77/SF
Area
Brandon, FL
Vacancy
18.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,072,740
Cap Rate 7%
$766,243
Cap Rate 9%
$595,967
Alternative Uses
Best Use
Office B
$766.2K
$670.5K – $894.0K
NOI $53,637 @ 7.0% cap · market cap 3.97%
Second Best
Healthcare Medical
$637.0K
$557.4K – $743.2K
NOI $44,589 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.14M
$993.4K – $1.32M
NOI $79,472 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,700
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33511, FL
56,627
Population
24,579
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,539
Density / Sq Mi
$77,383
Median Household Income
$44,521
Median Earnings
$1,684
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office for sale with established tenant and prime location.
Where is this medical office space located?
The property is located at 605 Medical Care Dr Brandon, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Five‑year NNN sale leaseback at $29 per square foot provides stable cash flow.; HOA fees are the only landlord expense.; Located next to HCA Brandon Hospital in a major medical corridor.
